Gold Spot Price (gold/AUD)
A$7,339.46
per troy ounce
Gold & Silver
1 oz
A$7,339.46
1 gr
A$235.97
1 kg
A$235,968.79
Prev Close
A$7,318.90
Open
A$7,339.46
Day High
A$7,366.91
Day Low
A$7,207.86
1 oz
A$119.45
1 gr
A$3.84
1 kg
A$3,840.35
Prev Close
A$118.94
Open
A$119.45
Day High
A$120.98
Day Low
A$116.30
Current Situation
As of March 6, 2026, gold prices are volatile, plunging on supply fears from potential Polish central bank sales and a US-Venezuela gold deal, but firming above $5,100 amid US dollar weakness and safe-haven demand (FXStreet, RoboForex).
Key Drivers
- Polish gold sales: Central bank governor considers selling reserves for defense, adding supply pressure (ZeroHedge reports).
- US-Venezuela deal: Up to 1,000 kg of Venezuelan gold entering US markets via Trump team brokered agreement (ZeroHedge).
- Geopolitical tensions: Markets assume a short war; prolonged conflict could lift gold as a safe haven (Peter Schiff on X).
- Dollar weakness: Renewed USD drop supports gold recovery despite profit-taking (FXStreet).
Short-Term Outlook (1-7 days)
Choppy trading likely with downside risks from supply news; watch $5,100 support and $5,186 resistance for direction amid medium confidence.
Long-Term Outlook (1-3 months)
Broader uptrend intact on safe-haven appeal if war drags on (Peter Schiff); analysts see strength above $5,100 but note supply uncertainties.
What to Watch
- Details on Polish sales scale/timing.
- Venezuela gold influx impact.
- Geopolitical war updates.
- US economic data releases.
Current price: A$7,339.46/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | A$7,339.46 | +A$20.55 | +0.28% | |
| 1 Week | A$7,498.65 | -A$159.19 | -2.12% | |
| 1 Month | A$7,089.49 | +A$249.96 | +3.53% | |
| 3 Months | A$6,040.55 | +A$1,298.91 | +21.50% | |
| 6 Months | A$5,134.68 | +A$2,204.78 | +42.94% | |
| 1 Year | A$4,166.45 | +A$3,173.00 | +76.16% | |
| Since 2026 | A$6,209.32 | +A$1,130.14 | +18.20% | |
| Since 2025 | A$3,799.72 | +A$3,539.73 | +93.16% | |
| Since 2024 | A$2,951.80 | +A$4,387.66 | +148.64% | |
| Since 2023 | A$2,628.20 | +A$4,711.26 | +179.26% | |
| Since 2022 | A$2,562.71 | +A$4,776.74 | +186.39% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | A$7,339.46 | A$7,318.90 | A$7,366.91 | A$7,207.86 | Today +20.55 (+0.28%) |
Silver (XAG) | A$119.45 | A$118.94 | A$120.98 | A$116.30 | Today +0.51 (+0.43%) |